Zara Heading to Miami
Lincoln Road Mall in Miami Beach, a pedestrian-only promenade between Alton Road and Washington Avenue, attracts 13 million visitors annually with retailers such as Adidas Y-3, AllSaints Spitalfields, Scotch & Soda, John Varvatos, Madewell and Anthropologie.
Spanish retailer Zara will join the retail roster of Lincoln Road with a 24,000-square-foot flagship on two levels opening in the winter of 2013.
A registered Miami Beach landmark, 420 Lincoln Road was originally designed by architect Albert Anis at the site of the Lincoln Road Hotel. The Zara flagship will integrate the property’s Art Deco design elements and two-story rounded glass facade.
With 1,763 stores worldwide, Zara continues to open more units, despite the fact that its sales, like those of other fast-fashion companies, have been slowing. Inditex, Zara’s parent, said last month that the second quarter started off at a faster pace, with sales between May 1 and June 7 increasing 8 percent in local currencies.
Still, the figures represent a deceleration. Inditex recorded 16 percent revenue growth in the year ended Jan. 31 and a 12 percent gain in local currencies between Feb. 1 and March 11 of this year.
The Lincoln Road flagship will offer men’s, women’s and children’s apparel and accessories.